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Price action at the core = family members' discussion project

  • #1,001
  • Jan 27, 2021 3:21am Jan 27, 2021 3:21am
Quoting bfx17
I dont want you to get banned, because if you'd go a significant part of professional BS would also go...and anyway someone else would take your place really fast, because it is a high demand of BS on FF. Plus that you make a good joke from time to time... It wasnt me who moved the markets...I suspect it was your buddy who trades 10000USD/pip. Regarding your previous aliases, dont get me wrong...I am just curious because we have a bet regarding which were your former identities on FF. Some say you was V...., I'd say you was S.......
Ask PF he sure know.

PF, FF and that 100000USD/pip are competing. Who has the biggest gun?
Know what you trade
  • #1,002
  • Jan 27, 2021 4:09am Jan 27, 2021 4:09am
Here's a very interesting view to look into.



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Peter
Real Trading is not gambling.
  • #1,003
  • Jan 27, 2021 4:10am Jan 27, 2021 4:10am
And here's a good one too ......


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Peter
Real Trading is not gambling.
  • #1,004
  • Jan 27, 2021 4:11am Jan 27, 2021 4:11am
This one is interesting ........


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Peter
Real Trading is not gambling.
  • #1,005
  • Jan 27, 2021 8:51am Jan 27, 2021 8:51am
Fast trade, done for the day.
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Know what you trade
  • #1,006
  • Jan 27, 2021 9:15am Jan 27, 2021 9:15am
Quoting bfx17
It wasnt me who moved the markets...I suspect it was your buddy who trades 10000USD/pip.
Wow! Must be FF, PF and that 10000usd/pip combined their billions to move GBPUSD 100pips down.
Know what you trade
  • #1,007
  • Jan 27, 2021 9:28am Jan 27, 2021 9:28am
Quoting BWilliam
{quote} Wow! Must be FF, PF and that 10000usd/pip combined their billions to move GBPUSD 100pips down.
yeah
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"Exchange of hands"
  • #1,008
  • Jan 27, 2021 9:30am Jan 27, 2021 9:30am
Quoting bilal1947
yeah {image}
You're the man.
Know what you trade
  • #1,009
  • Jan 27, 2021 10:24am Jan 27, 2021 10:24am
Quoting bilal1947
{quote} yeah {image}
That one was a nice meal...
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  • #1,010
  • Jan 27, 2021 10:38am Jan 27, 2021 10:38am
0 drawdown - gold
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"Exchange of hands"
  • #1,011
  • Jan 27, 2021 11:19am Jan 27, 2021 11:19am
and almost 0 drawdown EURUSD
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and 0 drawdown GBPUSD
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"Exchange of hands"
  • #1,012
  • Jan 27, 2021 11:25am Jan 27, 2021 11:25am
Quoting bilal1947
and almost 0 drawdown EURUSD {image} and 0 drawdown GBPUSD {image}
How you track so many pairs?
Know what you trade
  • #1,013
  • Jan 27, 2021 11:29am Jan 27, 2021 11:29am
Quoting BWilliam
{quote} How you track so many pairs?
i dont trade much pairs, 2 pairs + gold, before 2 hrs i told this will happen and each pair will move in same direction but different minutes in same hour. as per week gbpusd chart i feel gbpusd will fly to 1.4 so i was looking for a dip to buy. lets see all three trades are at Breakeven, will take partials once i see enough profit. and let the rest run at breakeven.
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"Exchange of hands"
  • #1,014
  • Jan 27, 2021 11:41am Jan 27, 2021 11:41am
Quoting asset21
{quote} Hi Sim it was the reconfigured fib, into a probability tool, assisting w the R/R, I am presuming thats what its for, working out as we go but working well! {image}
Thanks for responding.

For me it does not matter Fibo, BB or Keltner. They are useful but for me they are arbitrarily drawn lines.
By whom? By the market? by some ghost? Auction market: do I have any say? Why then bother?
Trade with fun.
I just select any price I like as my Start Price.
Some times I toss head and tail coin to decide yes or no to select a price as my start price.
I draw a grid of 5 lines above my own start price and 5 lines below.
Then I draw Close lines of H4 TF 6 candles
I also draw Open lines of H4 TF 6 candles
I take a look at my grid. Without thinking anything, my brain tells me go for red line (close) or open line (white) closest to my grid line.
My grid line will be entry launch pad.

m.
Practice makes a person perfect
  • #1,015
  • Jan 27, 2021 1:51pm Jan 27, 2021 1:51pm
Same chart behaviours day after day.



...
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  • #1,016
  • Jan 27, 2021 1:56pm Jan 27, 2021 1:56pm
Quoting TimeTells
Same chart behaviours day after day. ... {image}
some annotations can be helpful for newbies like me
"Exchange of hands"
  • #1,017
  • Edited 2:58pm Jan 27, 2021 2:47pm | Edited 2:58pm
Quoting bilal1947
{quote}
some annotations can be helpful for newbies like me

Cheers bilal,

Annotations, yes sorry.


I used to read annotations on others’ charts provided, but it didn’t help me for the future I found (though I understand with others it can and does).

I just wanted to clear my mind of constructs such as Pivots, Fibs, Accumulation/Distribution, Supply & Demand, Support & Resistance (which apparently can flip from one to the other), etc.


And I understand after being on the Factory that everybody is trading the same market. But they look at it in different ways.

And as ‘different’ individuals with different requirrements.

Some think their way is the only way, or right way, or the best way. And good fortunes to them. I am not one of them, I am just pursuing an interest.


I am happy now to use just my eyes. But clear eyes (there is a difference I found).

The market is pretty simple in the long run, if you look at it in that way.


So no rigid patterns, no waves, no candle formations for me.

I just look for the same repetitive market structure behaviour, which seems to play out day after.

I can keep it all pretty lean that way.


For me Inflection occurs (tho sometimes with price/time it sits there, from a few to many candles, on the 1hr chart).

Once a move from this inflection ‘area’ is underway the market then heads to a next linear Target.

How it gets there is NOT Linear (this is important). I would trade reversals, sometimes hard reversals, and I trade continuations.


Though I rarely try to always be on the initial inflection breakout.

Which can fake & flip to an opposite directional move - and then back again sometimes lol.


And these inflection points are interesting when they ‘coincide’ with pivots, fibs etc - also a worthwhile study imo.


So a simple annotation for my ‘whole’ chart I reckon would be

Targets & Inflection Points (not really the pure geometric type of inflection though).

all the best, nice trading on FOMC I see (I am an older guy so was in bed when it all went down - and up )
Pete
  • #1,018
  • Jan 27, 2021 3:27pm Jan 27, 2021 3:27pm
Quoting TimeTells
{quote} Cheers bilal, Annotations, yes sorry. I used to read annotations on others’ charts provided, but it didn’t help me for the future I found (though I understand with others it can and does) Pete
Hi Sir thank you for taking out time to write me back stay safe and healthy and if time permits i would like to learn about inflection points and targets to grow further.

just entered with 0 draw down 1 st entry on dot 2nd not so dot but manage to BE and took partials, i like to enter with 0 draw down entries or smallest of the SL but learning should continue...

stay safe and blessed

Bilal
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"Exchange of hands"
  • #1,019
  • Jan 27, 2021 4:14pm Jan 27, 2021 4:14pm
Quoting TimeTells
{quote} Cheers bilal, Annotations, yes sorry. I used to read annotations on others’ charts provided, but it didn’t help me for the future I found (though I understand with others it can and does). I just wanted to clear my mind of constructs such as Pivots, Fibs, Accumulation/Distribution, Supply & Demand, Support & Resistance (which apparently can flip from one to the other), etc. And I understand after being on the Factory that everybody is trading the same market. But they look at it in different ways. And as ‘different’ individuals with different...
Great write up Pete, no fluff, just as it is
  • #1,020
  • Jan 27, 2021 4:32pm Jan 27, 2021 4:32pm
Quoting moodybot
{quote} Great write up Pete, no fluff, just as it is
I agree with you. Two of the best posts, 1015 and 1017.
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